The tables below outline our current credit ratings. Further information on the ratings, including the latest ratings reports, is also included below.
Agency | Long Term | Short Term |
|---|---|---|
Moody's | A2 | P-1 |
Fitch | A | F1 |
Standard and Poor's | A | A-1 |
DBRS | AA (low) | R-1 (middle) |
Agency | Long Term | Short Term |
|---|---|---|
Moody's | A3 | P-2 |
Fitch | A | F1 |
Standard and Poor's | A- | A-2 |
DBRS | AA (low) | R-1 (middle) |
Agency | Long Term | Short Term |
|---|---|---|
Moody's | A2 | P-1 |
Fitch | A | F1 |
Standard and Poor's | A | A-1 |
DBRS | AA (low) | R-1 (middle) |
Latest reports:
26 June 2012 (SW & CM) | 25 June 2012 | 21 June 2012 | 15 February 2012
29 November 2011 | 9 November 2011 | 14 October 2011 | 11 October 2011 (SW & CM)
7 October 2011 | 16 June 2011 | 15 June 2011 | 24 May 2011
Definition of A rating:
Obligations rated A are considered upper-medium grade and are subject to low credit risk.
The modifiers ‘1’, ‘2’ and ‘3’ are appended to these ratings to denote relative ranking within major rating categories. The modifier ‘1’ indicates that the obligation ranks in the higher end of its generic rating category; the modifier ‘2’ indicates a mid-range ranking; and the modifier ‘3’ indicates a ranking in the lower end of that generic rating category.
Latest reports:
22 January 2013 | 30 November 2012 (SW & CM) | 9 November 2012 (SW & CM)
16 May 2012 | 17 January 2012 | 13 December 2011 | 13 October 2011 (SW & CM)
13 October 2011 | 14 June 2011 | 28 January 2011 | 17 January 2011
Definition of A rating:
'A' ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings.
The modifiers '+' or '-' may be appended to a rating to denote relative status within major rating categories.
Latest reports:
8 November 2012 | 2 July 2012 | 11 June 2012
29 November 2011 | 30 August 2011
Definition of A rating:
An obligor rated 'A' has a strong capacity to meet its financial commitments. An obligation rated ‘A’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions that obligations in higher rated categories.
Long-term debt ratings may include a plus (+) or minus (-) to indicate where within the category the issue is placed.
Latest reports:
21 March 2013 | 1 August 2012 | 4 May 2012 |
28 February 2012 | 14 November 2011 | 6 May 2011 | 1 March 2011
Definition of AA rating:
Long-term debt rated 'AA' is of superior credit quality, and protection of interest and principal is considered high. In many cases they differ from long-term debt rated 'AAA' only to a small degree. Given the extremely restrictive definition DBRS has for the 'AAA' category, entities rated 'AA' are also considered to be strong credits, typically exemplifying above average strength in key areas of consideration and unlikely to be significantly affected by reasonably foreseeable events.
These ratings are shown with the permission of the respective rating agencies.
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Lloyds TSB Bank plc, Lloyds TSB Scotland plc and Bank of Scotland plc (members of Lloyds Banking Group), are authorised and regulated by the Financial Services Authority. FSA authorisation can be checked on the FSA’s Register at: www.fsa.gov.uk/register/home.do. Lloyds TSB Bank plc, Lloyds TSB Scotland plc and Bank of Scotland plc are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service.
